Is it something wrong with buying a car on credit? The answer is obvious. Unlike a house, you new shinny car are losing its value starting the day you buy it. The value is dropping even more as you use it. If you buy a car on credit, there is a substantial interest payments on that rapidly decrease in value. And besides those hard facts, you still need to pay steep costs for insurance, registration and maintenance of an other expensive fee by just having car. (more…)

Having poor credit can seem like one of the worst things in the world. Without a good financial history, car loans, house loans, and other loans are impossible to obtain. The problem is that a lot of people with poor credit often need to have a credit card or two in order to make ends meet.

In addition, a card that is paid in full every month will begin to re-establish good credit. (more…)